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Current Attempt in Progress Concord Factory provides a 2 - year warranty with one of its products which was first sold in 2 0 2

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Current Attempt in Progress
Concord Factory provides a 2-year warranty with one of its products which was first sold in 2025. Concord sold $909,800 of products
subject to the warranty. Concord expects $124,480 of warranty costs over the next 2 years. In that year, Concord spent $73,090
servicing warranty claims. Prepare Concord's journal entry to record the sales (ignore cost of goods sold) and the December 31
adjusting entry, assuming the expenditures are inventory costs. (If no entry is required, select "No Entry" for the account titles and enter 0
for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries
before credit entries.)
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